AMND vs. IWFL

Last updated Jun 4, 2026

AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) and IWFL (ETRACS 2x Leveraged US Growth Factor TR ETN) are both exchange-traded funds - AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index, while IWFL is a Leveraged Equities fund tracking the Russell 1000 Growth (200%). Both are passively managed. At a 0.29 correlation, their price movements are largely independent. AMND charges 0.75%/yr vs 0.95%/yr for IWFL.

Performance

AMND vs. IWFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWFL

• 1D: -2.13%
• 1M: 10.61%
• YTD: 10.15%
• 6M: 8.37%
• 1Y: 43.59%
• 3Y*: 38.46%
• 5Y*: 19.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMND vs. IWFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	23.23%
IWFL ETRACS 2x Leveraged US Growth Factor TR ETN	10.15%	18.54%	61.94%	84.47%	-55.71%	46.03%

Correlation

The correlation between AMND and IWFL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021	0.29

The correlation between AMND and IWFL shifts across timeframes, from 0.12 (3 years) to 0.30 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AMND vs. IWFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWFL

IWFL Risk / Return Rank: 33
IWFL Sharpe Ratio Rank: 38
IWFL Sortino Ratio Rank: 35
IWFL Omega Ratio Rank: 36
IWFL Calmar Ratio Rank: 28
IWFL Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMND vs. IWFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMND	IWFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	AMND	IWFL	Difference
Max Drawdown Largest peak-to-trough decline	—	-59.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-32.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.29%	—
Current Drawdown Current decline from peak	—	-2.91%	—
Average Drawdown Average peak-to-trough decline	—	-19.94%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.28%	—

Volatility

Volatility by Period

	AMND	IWFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	46.69%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	46.29%	—

AMND vs. IWFL - Expense Ratio Comparison

AMND has a 0.75% expense ratio, which is lower than IWFL's 0.95% expense ratio.

Dividends

AMND vs. IWFL - Dividend Comparison

Neither AMND nor IWFL has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%
IWFL ETRACS 2x Leveraged US Growth Factor TR ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMND and IWFL in my portfolio?

AMND and IWFL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMND or IWFL?

On fees, AMND is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMND or IWFL?

AMND is cheaper with a 0.75% expense ratio, compared with 0.95% for IWFL.

Which ETF pays a higher dividend yield, AMND or IWFL?

AMND and IWFL have nearly identical dividend yields, around 0.00%.

What is the main difference between AMND and IWFL?

AMND is categorized as Energy Equities, while IWFL is Leveraged Equities. AMND tracks Alerian Midstream Energy Dividend Index, while IWFL tracks Russell 1000 Growth (200%). Their fees differ too: 0.75% for AMND and 0.95% for IWFL.